AutoZone, Inc. (NYSE:AZO) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. trimmed its position in AutoZone, Inc. (NYSE:AZO) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,544 shares of the company’s stock after selling 1,400 shares during the period. APG Asset Management N.V.’s holdings in AutoZone were worth $77,441,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. boosted its holdings in AutoZone by 0.3% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 7,836 shares of the company’s stock worth $11,693,000 after buying an additional 21 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of AutoZone by 29.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,167 shares of the company’s stock worth $3,744,000 after purchasing an additional 726 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its holdings in shares of AutoZone by 15.4% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 2,385 shares of the company’s stock worth $3,559,000 after purchasing an additional 318 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of AutoZone by 0.4% during the 2nd quarter. Clearbridge Investments LLC now owns 62,142 shares of the company’s stock worth $92,730,000 after purchasing an additional 269 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of AutoZone by 12.8% during the 2nd quarter. LPL Financial LLC now owns 7,394 shares of the company’s stock worth $11,033,000 after purchasing an additional 838 shares during the last quarter. Institutional investors own 87.65% of the company’s stock.

Shares of NYSE AZO opened at $1,683.08 on Thursday. The firm has a market cap of $36.26 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.46 and a beta of 0.94. AutoZone, Inc. has a 52-week low of $1,085.85 and a 52-week high of $1,738.78. The business’s 50 day moving average is $1,619.75 and its two-hundred day moving average is $1,532.74.

AutoZone (NYSE:AZO) last announced its earnings results on Monday, September 20th. The company reported $35.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $30.20 by $5.52. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.57 billion. AutoZone had a negative return on equity of 163.72% and a net margin of 14.90%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $30.93 earnings per share. On average, analysts predict that AutoZone, Inc. will post 89.51 EPS for the current fiscal year.

Several brokerages have recently weighed in on AZO. Citigroup boosted their target price on AutoZone from $1,870.00 to $1,950.00 and gave the stock a “buy” rating in a report on Wednesday, September 22nd. Wedbush boosted their target price on AutoZone from $1,650.00 to $1,820.00 and gave the stock an “outperform” rating in a report on Wednesday, September 22nd. Wells Fargo & Company boosted their target price on AutoZone from $1,700.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Monday, September 13th. Morgan Stanley boosted their target price on AutoZone from $1,650.00 to $1,710.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 22nd. Finally, Stephens boosted their target price on AutoZone from $1,700.00 to $1,850.00 and gave the stock an “overweight” rating in a report on Wednesday, September 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $1,661.53.

In other news, CEO William C. Rhodes III sold 4,500 shares of the company’s stock in a transaction on Friday, September 24th. The stock was sold at an average price of $1,682.81, for a total transaction of $7,572,645.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Ronald B. Griffin sold 7,017 shares of the company’s stock in a transaction on Friday, July 16th. The stock was sold at an average price of $1,608.29, for a total value of $11,285,370.93. The disclosure for this sale can be found here. In the last three months, insiders sold 18,517 shares of company stock worth $30,589,316. 2.80% of the stock is owned by corporate insiders.

About AutoZone

AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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